{
  "id": 6770932,
  "title": "Gold climbs on dip-buying, Fed rate hike bets rise after US inflation data",
  "url": "https://urgent.news/2026/09/11/gold-climbs-on-dip-buying-fed-rate-hike-bets-rise-after-us-inflation",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-11T16:02:03.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times-koreatimes",
    "url": "https://www.koreatimes.co.kr/world/20260912/gold-climbs-on-dip-buying-fed-rate-hike-bets-rise-after-us-inflation-data"
  },
  "original_language": "en",
  "account": "Gold prices surged over 1 percent on Friday, bouncing back from recent declines and locating a short-term support level despite robust U.S. inflation figures fueling expectations of an interest rate increase by the Federal Reserve the following week. Spot gold climbed 1.2 percent to $4,366.69 per ounce by 11:22 a.m. EDT (1522 GMT). However, the asset had slipped about 1.4 percent for the week up to that point.\n\nGold is experiencing a swift recovery following a brief setback, as the Consumer Price Index (CPI) data might be solidifying the anticipation of a Federal Reserve rate hike next week. The market's volatility is somewhat reduced, as there was a 70 percent probability priced in for a rate hike, according to Tai Wong, an independent metals trader.\n\nThe price movements indicate that gold is establishing a short-term base after the previous decline. U.S. gold futures rose 0.1 percent to $4,409.30. On Thursday, prices fell nearly 2 percent following U.S. Producer Price Index data showing an increase in prices in line with expectations in August. The Consumer Price Index rose 0.4 percent last month following a 0.1 percent increase in July, as reported by the labor department's Bureau of Labor Statistics on Friday. Oil prices slid on Friday but remained stable.",
  "summary": "Gold prices firmed over 1 percent on Friday, rebounding from recent losses and finding a short-term floor despite strong U.S. inflation data bolstering expectations of an interest rate hike by the Federal Reserve next week. Spot gold rose 1.2 percent to $4,366.69 per ounce by 11:22 a.m. EDT (1522 GMT). The metal, however, was down about 1.4 percent for the week so far. \"Gold is recovering rapidly…",
  "key_points": [
    "Gold prices rise 1.2% to $4,366.69 per ounce",
    "CPI data fuels Fed rate hike expectations",
    "Gold establishes short-term support level"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "CoinDesk",
        "title": "With Fed rate hike all but assured, here's how markets might react",
        "url": "https://urgent.news/2026/09/11/with-fed-rate-hike-all-but-assured-heres-how-markets-might-react",
        "published": "2026-09-11T15:45:56.000Z"
      },
      {
        "outlet": "The Korea Times",
        "title": "Gold climbs on dip-buying, Fed rate hike bets rise after US inflation data",
        "url": "https://urgent.news/2026/09/11/gold-climbs-on-dip-buying-fed-rate-hike-bets-rise-after-us-inflation-6776918",
        "published": "2026-09-11T17:02:03.000Z"
      },
      {
        "outlet": "CBS News",
        "title": "Fed rate hike likelihood jumps to nearly 90% after hotter CPI report",
        "url": "https://urgent.news/2026/09/11/fed-rate-hike-likelihood-jumps-to-nearly-90-after-hotter-cpi-report",
        "published": "2026-09-11T17:40:06.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Gold headed for a weekly loss of nearly 2% on surging oil, raised Fed hike bets",
        "url": "https://urgent.news/2026/09/11/gold-headed-for-a-weekly-loss-of-nearly-2-on-surging-oil-raised-fed",
        "published": "2026-09-11T19:37:26.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}